NatWest cuts mortgage costs ahead of spring statement

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• The change was part of a reprice following the changes to swaps after the Bank of England held interest rates

  80% confidence

• Consumer prices rose 3% in the year to January, down from 3.4% in December

  80% confidence

• It marks the lowest reading for the Consumer Price Index since March last year

  80% confidence

• Average rate for two-year fixed mortgage came in at 4.75% this week, higher than last week's 4.53%

  80% confidence

• Financial markets are pricing in a 0.25 percentage point reduction in the Bank of England's base rate to 3.5% at its meeting on 19 March

  80% confidence

• It is widely expected that no major housing reforms will be announced in Rachel Reeves's statement

  80% confidence

• Average five-year fixed deal came in at 4.99%, up from the previous 4.94%

  80% confidence

Data points we hold from this source